Increases in Federal Bankruptcy Exemption Protection

Federal Bankruptcy exemptions for filing Chapter 13 Bankruptcy are adjusted for inflation every three years. These exemptions are available to both Washington and Oregon consumers. The happy news is that all the exemptions amounts have increased. See below:

  • Federal 11 USC 522(b) Exemption amounts

The Motor City Detroit Files Bankruptcy

detroitIn what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection.  While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades.  The filing is being seen as [...]

Northwest Debt Relief Law Firm Now Provides Credit Repair Education to Its Clients for Free

At the Northwest Debt Relief Law Firm, we know that you probably view bankruptcy as a means to an end: Getting a real fresh start so that you can actually go back to living your life again. For many of our clients getting rid of debt only takes care of part of the problem. The other issue is a bad credit score.

Adversary Proceedings 101

Here at Shenwick & Associates, our summer is busy with (among other matters), representing clients in adversary proceedings. An adversary proceeding is a lawsuit that is brought within a bankruptcy proceeding and based on conflicting claims, usually between the debtor (or the bankruptcy trustee) and a creditor or other interested party.

Today In Bankruptcy – 07-30-2013

dmx-600-1375202522Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 30, 2013 DMX Files For Bankruptcy Detroit bankruptcy sends tremors through China ‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud And Tax Charges  

What Are Bankruptcy Exemptions?

weighing-optionsBankruptcy exemptions play a significant role during the filing process.  They help debtors obtain protection for their assets and personal property against creditors.  In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy.  Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help [...]

How to Keep Assets Legally Protected in Bankruptcy

Most Common Debts Discharged in BankruptcyFiling for bankruptcy can help you keep your assets legally without having them seized by creditors to satisfy an outstanding balance or past due debt.  Yet, some who file think they need to hide or withhold information about their personal property in order to retain it.  This action may lead to bankruptcy fraud charges, hefty [...]

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